Economic News September 27, 2024
27 thg 9, 2024
U.S. Stock Market Situation on September 26
The U.S. stock market rose in Thursday’s trading session as investors awaited the upcoming U.S. inflation report. Specifically, the S&P 500 index increased by 0.4% to 5,475.37 points, marking a new record close. The Nasdaq index gained 0.6%, reaching 18,190.29 points. The Dow Jones index climbed by 0.62%, closing at 42,175.11 points.
U.S. Treasury Bonds Situation on September 26
The yield on the U.S. 10-year Treasury bond continued to rise, reaching 3.796%.
Dollar Index Situation
The dollar index dropped by 0.35%, settling at 100.57 points. Meanwhile, the Swiss franc strengthened after the Swiss National Bank cut interest rates by 25 basis points.
Gold Market Situation
Global gold prices increased today, with spot gold rising by 16.8 USD to 2,674.5 USD/ounce. Gold futures also saw a gain of 13.7 USD compared to the previous early morning, reaching 2,695.1 USD/ounce.
Commodity Market Situation
By the end of Thursday’s trading session, oil prices continued to slide, nearly 3%, following reports from the Financial Times that Saudi Arabia has abandoned its 100 USD price target in preparation to boost production. Specifically, Brent crude oil prices fell by 1.86 USD, or 2.53%, to 71.6 USD/barrel. WTI crude oil prices dropped by 2.02 USD, or 2.9%, to 67.67 USD/barrel.
Source: Multiple sources
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